Investor Throws in Towel on Duplex - His Loss Your Gain

4317 Behrwald Ave, Cleveland, OH 44109

$115,000 After Repair Value -
$99,000 Asking Price -
$10,000 Cost of Repairs =
$6,000 Potential Profit

Property Details

Asking Price $99,000

After Repair Value $115,000

Costs of Repairs $10,000

Potential Profit $6,000

Living Area 1762 ft2

Property Type Duplex

Bedrooms 4

Bathrooms 2

Half Bathrooms N/A

Parking 1

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $1,595

Yearly Expenses $0

Property Taxes $0

Net Operating Income $0

Cap Rate N/A

Property Description

Get that steady stream of passive income from this multi unit. This DUPLEX, a total of 4 bedrooms and 2 bathrooms combined, 1,762 square feet of living space is currently fully occupied and CASH FLOWING.What’s not to love about this multi-family investment. One unit has recently been fully renovated and tenant recently moved in with a one year lease. Neat, spacious interior, and lots of storage cabinets for that perfect family. Master bedroom has 2 long walk-in closets, both with built-in dressers. Large back bedroom has the capacity for a walk-in closet or bedroom. Outside is a cute porch welcoming you to the home plus a groomed front yard adding to that curb appeal.Getting around this neighborhood is easy. A few-minute drive takes you to the major road and interstates. Amazing spot for families – great schools to choose from, a good number of grocery stores and supermarkets are spotted around, lots of small specialty shops are also present plus hundreds of restaurants and fast-food chains! There’s Old Brooklyn Food Market just nearby. The closest schools are James Ford Rhodes High School, Old Brook High School, and William C Bryant Elementary School. Thrift shops and lotsa others are easy to spot!BOTH UNITS ARE CURRENTLY OCCUPIED - This is an exceptional investment. ROOF NEEDS TO BE REPLACED AND GARAGE NEEDS TO BE REINFORCED. AS SUCH, SELLER IS GIVING A $10,000 CREDIT AT CLOSING. ***PROPERTY IS BEING SOLD AS-IS.CASH PRICE $99,000.00Unit 1 - $730/month with a lease term until 03/2022Unit 2 - $865/month on a month to month termsAddress: 4317 Behrwald Avenue, Cleveland OHIO 44109Please do not disturb tenants. Call or text Ash at (909) - or email at ashley (at) mattbuyslvhouses. com for more information.

Repairs Needed

ROOF NEEDS TO BE REPLACED AND GARAGE NEEDS TO BE REINFORCED. AS SUCH, SELLER IS GIVING A $10,000 CREDIT AT CLOSING.

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